Prime Minister Narendra Modi on 14 September said that Japan invested USD 4.7 billion in India during 2016-2017, which is 80 per cent higher than the last year, while addresing the India-Japan summit meet here.

Prime Minister Modi further said that initiatives like the Ease of Doing Business, Skill India or Make in India show that India is transforming, while also urging the Japanese business community to open the maximum number of Japanese restaurant chains in India.

"Last year, during my Japan tour, we had signed a historic pact for peaceful use of nuclear energy. In 2016-17, Japan invested USD 4.7 billion in India, which is 80 per cent higher than last year," Prime Minister Modi said.

He added, "I am happy to welcome Shinzo Abe to India. We have met several times on the sidelines of international events. Yesterday, we visited the Sabarmati Ashram. Today we went to the Gandhi Musuem."

"I heartily welcome the agreements signed today. They will strengthen India-Japan partnership," he further said.

Prime Minister Modi also announced a delivery service between the two nations to serve the Japanese diaspora in India.

"India Post and Japan Post will start a 'cool box service' for the Japanese living in India, so that they can order their favourite food from Japan," he said.

In the joint statement, Prime Minister Modi and Japanese Prime Minister Shinzo Abe condemned in the strongest terms North Korea's continued development of its nuclear weapons and ballistic missile programmes.

The two leaders also called for Pakistan to bring to justice the perpetrators of terror attacks including 2008 Mumbai and 2016 Pathankot attacks.

Prime Minister Modi and Prime Minister Abe also look forward to convening the fifth Japan-India consultation on terrorism and to strengthen cooperation against terror threats from groups incuding the Al-Qaida, the ISIS, the JeM, the LeT and their affiliates.

Prime Minister Abe reiterated strong support to initiatives like Make In India, Digital India and also appreciated Prime Minister Modi's economic reforms especially the Goods and Services Tax (GST).

-MoU on International Academic and Sports Exchange between Sports Authority of India and Nippon Sports Science University, Japan (NSSU)

-LETTER OF INTENT between Lakshmibai National Institute of Physical Education (LNIPE) and University of Tsukuba, Japan

-LETTER OF INTENT between Sports Authority of India and University of Tsukuba, Japan

-MoU between RIS and IDE-JETRO for promotion of Cooperation in Research Related Activities

Before the signing of these agreements and MoUs, Prime Minister Modi and his Japanese counterpart visited the Dandi Kuteer, a museum dedicated to the life of the Father of the Nation, Mahatma Gandhi, here.

Earlier in the day, Prime Minister Modi and Prime Minister Abe laid the foundation stone for the proposed Ahmedabad-Mumbai High-Speed Rail Network, known as the bullet train, at Ahmedabad.

Prime Minister Modi said that 'friend' Japan gave India a loan worth Rs. 88,000 crore at 0.1 per cent interest and further praised Prime Minister Abe for taking a personal interest in the bullet train project and ensuring that it fructifies into something huge for India.

"If the inauguration for this project is taking place so soon, the credit goes to Shinzo Abe. He took a personal interest to see that this project goes smoothly without any difficulties," he said.

The Japanese Prime Minister said Japan is committed to the policy of 'Make in India'.

Beginning his speech with a customary 'Namastey', Prime Minister Abe said, "I really like Gujarat and I really like India. I will do whatever I can do for India. If we were to merge Japan's 'Ja' and India's 'I', it becomes 'Jai'. If we work together, nothing is impossible. PM Modi and I will work towards realising Jai Japan, Jai India."

Prime Minister Abe also praised Prime Minister Modi for his leadership and vision, adding that he can see a bright future ahead for India and Japan.

The bullet train, which has a capacity to accommodate 750 people, is expected to reduce travel time between the two cities from seven to three hours.

On the Ahmedabad-Mumbai route, total 12 stations have been proposed that include Mumbai, Thane, Virar, Boisar, Vapi, Bilimora, Surat, Bharuch, Vadodara, Anand, Ahmedabad and Sabarmati.

The distance of 508 km will be covered in two hours and seven minutes by the bullet train if it stops at four stations namely Ahmedabad, Vadodara, Surat and Mumbai.

According to the railway ministry officials, the operating speed of the bullet train will be 320 kilometers per hour and the maximum speed will be 350 kilometers per hour.

With this, India has become the first to import the iconic 'Shinkansen' bullet-train technology after Taiwan. The Japanese Government has also agreed to fund the project at minimum interest rates.